ECON 637 Economics of Natural Resources (3 credits) - UMBC
This course examines the role of economics in developing policy toward the use and management of natural resources. The theory of optimal management of resources is explored, including applications to both renewable resources such as wind energy and ayer resources and non-renewable resources such as fossil fuels. Current and alternative policy options toward resources use are explored. Other topics include the impotence of ownership rights over resources and tradeoffs between current and future generations in the use of resources.